Performance Food Group saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 72 to 83.
IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they begin their biggest climbs.
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Performance Food Group is trying to complete a consolidation with a 92.44 buy point. See if the stock can break out in heavy trading.
Performance Food Group saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 9%. Revenue rose from 3% to 9%. The next quarterly numbers are expected on or around May 7.
The company earns the No. 4 rank among its peers in the Wholesale-Food industry group. G. Willi-Food Intl is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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